What is Elon Musk's goal with Dogecoin? - page 9.

KryptoKings

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Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about after the bull market is over.

I think his goal is clear. Just make some more money out of it and sell off all his holdings. He is misusing his popularity and position.
What is the use of Doge? It is just another crypto. Why is he promoting it like crazy? It is obvious he is doing it to get some financial gains and once he achieved his that goal, he will dump leaving everyone else in loss.

kenelmark

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Quote from: manok jepang on May 06, 2021, 02:13:32 PM

I think Elon Musk just wants to try to find a new sensation in crypto and pump Dogecoin to the moon, because I believe Elon Musk doesn't want money from Dogecoin, only popularity he prioritizes, because he himself is the richest man in the world, hopefully Dogecoin can stay in crypto , of course under the influence of Elon Musk,

Since 2013 Dogecoin has been in the crypto space and has always survived according to market capitalization from year to year so you don't need to hesitate for Dogecoin because he will not die in the crypto space even though Elon Musk's influence will diminish on Dogecoin.

DaMut

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I watched an informal interview about this and the main reason why would he do this due to the fact Dogecoin as a memecoin.
he asked to the interviewer, what will happen when a coin that is supposed to be a memecoin becomes a real coin/currency?
that was what he say, I do not know whether he is one of the holder but I do know sometime he likes to troll people.

Imran232

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Elon mask's one and only goal is moon. His dream, his thought, his achievement everything related to moon. Where a person's every work is related to moon then dogecoin is another part of it. His goal is also to reach it on moon. He already launch the rocket and the dogecoin is in the middle of moon and earth. So very soon you will see that dogecoin is in moon and sending signal to elon mask to tweet it on twitter. Well sorry for making fun of it but on a serious note though elon mask is the father of dogecoin then it is his responseble to make this as a best project. Thank you.

MCDev

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I don't know Elon Musk's purpose in supporting Doge coin but I do know that he is one of the biggest owners of coin doge in the world.
It is clear that the doge price increase gives him a lot of profit, most likely one day he will sell out the doge coin and turn it into a pile of trash.

BuNga_cute

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Quote from: MUG1WARA on May 06, 2021, 02:28:50 PM

Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about after the bull market is over.

What other money would he want to make when his among one of the richest men alive now, his already doing well as a successful business man, he's the CEO of two revolutional companies Tesla and SpaceX, i think he has all the money he needs to feed even his 10th generation, so I don't think crypto can give him the amount of money he wants, he's just shilling dogecoin for fun, he's a very playful dude, go on twitter and see how he responds to tweets.

I agree Elon Musk does not need money from Dogecoin, Elon Musk does Dogecoin shilling on twitter just for fun. And I believe Elon Musk won't
do that for long, he will eventually get bored and maybe try shilling other coins. So it's best to watch out for people who want to buy Dogecoin
right now, the price is too high to buy Dogecoin now and could be dumped in the near future.

isaac_clarke22

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Not really but still who knows. He is already rich and he could just sit in front of his computer and say anything and people would go crazy on it in Twitter.
He can't speculate because in the first place he doesn't even have a control to the coin.
About if he will keep tweeting about it, who knows? What if he shilled a shitcoin in the end, would people fall for it?

MUG1WARA

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Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about after the bull market is over.

What other money would he want to make when his among one of the richest men alive now, his already doing well as a successful business man, he's the CEO of two revolutional companies Tesla and SpaceX, i think he has all the money he needs to feed even his 10th generation, so I don't think crypto can give him the amount of money he wants, he's just shilling dogecoin for fun, he's a very playful dude, go on twitter and see how he responds to tweets.

doomloop

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Quote from: manok jepang on May 06, 2021, 02:13:32 PM

I think Elon Musk just wants to try to find a new sensation in crypto and pump Dogecoin to the moon, because I believe Elon Musk doesn't want money from Dogecoin, only popularity he prioritizes, because he himself is the richest man in the world, hopefully Dogecoin can stay in crypto , of course under the influence of Elon Musk,

You mean Elon Musk will take dogecoins into any other new platform from crytpocurrencies? I do not see any chances for that to happen. Dogecoin will stay with us forever and it will be enjoying higher rank into coinmarketcap, thanks to Elon Musk, and nothing else in my opinion. At the same time, I cannot agree that Elon Musk is not looking for profits from Dogecoin pumping; even he is a richest person, I doubt that he will not prefer profits from dogecoin pumping.

They are wildly pumping dogecoin only because it is highly profitable for them. If you notice, dogecoin is taking break in pumping time to time which might be the profit booking phase of Elon Musk.

manok jepang

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I think Elon Musk just wants to try to find a new sensation in crypto and pump Dogecoin to the moon, because I believe Elon Musk doesn't want money from Dogecoin, only popularity he prioritizes, because he himself is the richest man in the world, hopefully Dogecoin can stay in crypto , of course under the influence of Elon Musk,

cryptoknightt

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I do not think so. Elon doesn't take any of this seriously, I see it all just a joke. Doge is currently pumping because of the hype by the name of the richest man. Crypto has strong fundamentals from all sides. This may not last long.

tvplus006

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To the Moon

Quote from: hamba laeh on May 06, 2021, 01:14:40 PM

everyone doing something must have a specific purpose. So in my opinion, the tweet made by Elon has the goal of influencing current crypto users so that they can continue to pump up the Dogecoin price. and Elon is also looking for profit from it, even though he is the world's richest person but he is a businessman so this is a momentum for him to be able to get a profit. and after this bull is over he will stop doing it.

No one knows for sure whether Elon Musk holds Dogecoin or not. If Tesla's $1.5 billion purchase of BTC was confirmed by a report prepared for the SEC, then Musk ownership of Doge is not documented anywhere. Therefore, the shilling of the coin can be explained solely by Musk desire to have fun watching the reaction in the market from his posting.

HanaTenun

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I assume that Elon Musk makes Doge rise by tweeting about Doge to just raise his name and reputation, automatically his company name will also be lifted if the name Elon Musk gets bigger and known to everyone, behind that maybe Elon uses Doge to invest for himself. also don't know it's just my assumption.

hamba laeh

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Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about after the bull market is over.

everyone doing something must have a specific purpose. So in my opinion, the tweet made by Elon has the goal of influencing current crypto users so that they can continue to pump up the Dogecoin price. and Elon is also looking for profit from it, even though he is the world's richest person but he is a businessman so this is a momentum for him to be able to get a profit. and after this bull is over he will stop doing it.

todiefor17

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Elon Musk insists he invests in DOGE as an individual. It's different from his company, Tesla. So he will continue his tweets to promote value for DOGE.
DOGE is currently approaching the $ 1 mark and that will be done soon. It can be said that this year's brightest star is probably not Bitcoin but DOGE.

ILuckyGuyI

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Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about after the bull market is over.

I really wonder whether he has an investment into Dogecoin right now. But I don't think so. However, I've heard that he bough some for his child. Grin

Anyway, I really don't know the reason and the goal may be 1 dollar. It looks like the price will reach that level. But after that who knows what will happen.

South Park

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Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about after the bull market is over.

He has no goal, that is the point, dogecoin is a meme coin and we know that Elon loves to make memes and play with his audience so he is using the coin exactly the way it was supposed to be used, just as a way to make fun of other people and the market in general, if Elon was serious about dogecoin then we will see him and his companies investing in it heavily and yet he has only done this with bitcoin and we must not expect this posture to change anytime soon.

rajakulam

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If only to increase income from the cryptocurrency world, it seems that he is not too serious because seeing the financial condition he has is in the first richest line in the world, maybe he just wants to see the influence of the cryptocurrency world through his Twitter account, this is just my thought.

zaim7413

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Quote from: Desmong on May 06, 2021, 10:07:31 AM

Elon musk is always good at his game. He uses different desperate methods to get what he want which is more money, but time will tell if is followers and good listeners will continue to enjoy his pattern of life.

Elon Musk can do useful things because he already has a lot of money and already has a lot of knowledge that is supported by sophisticated tools, so whatever he does is almost 90% successful, so don't be surprised at that.

ecnalubma

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If I were his followers they should be very careful and not taking seriously on everything that he tweets when it comes to investments. He doesn’t care about people’s reaction and all he does is shilling, he probably found a new ecosystem where he can troll and that’s crypto.

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